The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1887-07-21

constituted body corporate undsr the Of Aah.na Mid
Land Railway Company for the Of constructing main
tanning and operating railroad for public IN he convey
shall have hold and enjoy franchises ghts and privileges
hereinafter provided and be capable in law purchase hold
% ad ad
pan and to grant, mortgage and dispose Of the
to sue and be to have seal and 70
alter the same at to contract and be contracted
and to make such a. be for the
ment of said corporation.
Florida at point the boundary line between the States
Of Alabama and Florida and through the counties Of
River Junction. in Gadsden county aforesaid distance OF
about 40 miles
SEc g. The capital Of said company shall be Ave hun
dred thousand dollars divided into shares of hundred
dollars each which said capital may be increased
million dollars should such increase be deemed necessary BY
the stockholders for the best interest Of company
therefor. 'o'' ~ ~ ~ 4'''''s es''p's''
s.o When the sum of y thousand dollars shall have been
majority of them SHALL publication newspaper
published at Tallahassee and also newspaper published
bers to the capital socko the company at place
be named in the notice. for the purpose Of elecng
to the capital stock Board Of nine Directors
and control the business Of said company
and until their elected and installed said
Board OF well other boards that be there
after elected shall select from their number President
Secretary and Treasurer and shall have make
adopt bylaws for the and control OF the board and
and appoint and employ agents
as they may deem proper.
Sec In the election hereinbeore provided subscriber
to the capital stock of said company be entitled to
vote for each share of stock held him her. may
by proxy.
Sec When said coporators shall have complied with the
set FORTH and election Board Direc
tors shall have been held provided herenbere
of subscription the capital stock said together
said company be delivered to said Board Of Directors
and the of the shall cease except
holders and subscribers.
Sec When the subscribers capital stock of said
shall have convened and elected Board
under the provisions of this act they and their
and shall be deemed held and considered body
corporate and poitic under the style Alabama
Midland Railway Company with perpetual succession
rights privileges and liabilities usual necessary
such a corporation.
Sec 8. Said company shall power survey locate
construct make build maintain, equip, and operate
to accept purchase have and hold lease convey any
property ea personal and mixed and build
depots and shops such machinery do such
other things it deem for its advantage and
eft
SEQ That said company shall have powers condemn
its and all lands right proper for
the purposes of its incorporation to
and bridge navgabe stream the line Of route care
being said bridge shall not be so a
necessarily to impede navigation and in order condemn
Of the property mentioned in this section proceed
ings shall be had may hereafter be provided by
general law for the condemnation of property.
Sec TO- That said company shall power receive land
other property payment of the subscription the
capital stock at such valuation agreed under
the rules regulations and bylaws of said company
Sec H. Until Board of Directors shall have been duly
elected and installed into Office the corporatos major
OF those shall have all the of the Board
Directors to be elected and may do perform every act
that said Board Of Directors might could do legally
and regularly elected
Sec IL Said railroad company through its coporators or
Board Of Directors contract oans bonds
money mortgage its property, rea personal and Mixed
the and consolidate the stock property
sona and mxed rights powers privileges and franchises
any connecting railroad.
SEC l3 No rights shall under this act unless the con-
structon of said railroad shall be years
and be continued and carried with reasonable
Sec a. The right of hereby granted said company
through any lands owned by the State of Florida
ance of sixty feet each side of of rails of
said and said company shall have the right timber
the EARTH and
may be necessary from said right of way.
Approved May 81 1897